Oireachtas Joint and Select Committees

Wednesday, 9 July 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Collapse of Setanta Insurance: Central Bank and Department of Finance

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3:30 pm

Mr. Colm Kincaid:

We require insurance undertakings to hold 150% of the minimum EU buffer requirement in respect of the solvency margin. It is roughly 1.5 times the minimum. However, some companies are required to hold more.

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